City Grapples With Kodak's Smaller Footprint

A year after filing for bankruptcy protection, Eastman Kodak Co. has found a buyer for a large portion of its sprawling headquarters complex in Rochester, N.Y. One glitch: The mayor is against it.

Monroe Community College, a state school with 3,000 students at its downtown Rochester campus, is close to a deal that will pay Kodak $3 million for about one-third of its 1.5 million-square-foot corporate campus. Kodak would hold on to the...